News Snapshot:
BEIJING (BLOOMBERG) – Huobi, China’s largest Bitcoin exchange, has halted new registrations for domestic users, taking one of the first actions to comply with Beijing’s latest crypto ban. The exchange operator has stopped letting traders use mainland China mobile numbers to register new accounts, after the People’s Bank of China said on Friday (Sept 24) all crypto-related transactions will be considered illicit financial activity. New sign-ups are still available for Hong Kong users, but mainland China is no longer an option for new-account creation. A Huobi spokesperson declined to comment. China’s latest pronouncement – issued by the central bank along...
